Headline inflation in Thailand saw a rise of 1.08% in February compared to the same month in the previous year, following January’s 1.32% increase, the commerce ministry announced on Friday.
This figure aligns closely with expectations from a Reuters poll predicting a 1.10% rise, and it comfortably fits within the central bank’s target range of 1% to 3% for the third consecutive month. Meanwhile, the core Consumer Price Index (CPI) climbed 0.99% over the year, slightly surpassing the projected 0.90% increase.
In a forward-looking statement, the commerce ministry anticipates March’s headline inflation to remain nearly consistent with February’s rate. Moreover, they project inflation in the second quarter will approach 0.5%. The ministry has also maintained the inflation forecast for the year, expecting it to range between 0.3% and 1.3%.
